Is Procter & Gamble considering selling off Iams and Eukanuba pet food? Chief executive A.G. Lafley suggested he might do that. “Iams just
doesn’t fit their core business,” said Leon Loewenstine, managing director at Riverpoint Capital Management. “And Lafley’s under pressure to take bolder action to grow
sales.” Lafley has a track record of selling off underperforming food businesses, as he did with Jif peanut butter and Crisco shortening.
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